The stock price of O-I Glass Inc (NYSE: OI) has plunged by -2.88 when compared to previous closing price of 12.52, but the company has seen a -4.78% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-22 that O-I Glass (OI) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in O-I Glass Inc (NYSE: OI) Right Now?
Moreover, the 36-month beta value for OI is 1.18. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for OI is 152.49M and currently, short sellers hold a 3.11% of that float. On October 23, 2024, OI’s average trading volume was 1.52M shares.
OI’s Market Performance
OI stock saw a decrease of -4.78% in the past week, with a monthly decline of -4.03% and a quarterly a decrease of 8.09%. The volatility ratio for the week is 3.56%, and the volatility levels for the last 30 days are 3.14% for O-I Glass Inc (OI). The simple moving average for the past 20 days is -6.21% for OI’s stock, with a -10.83% simple moving average for the past 200 days.
Analysts’ Opinion of OI
Many brokerage firms have already submitted their reports for OI stocks, with BofA Securities repeating the rating for OI by listing it as a “Buy.” The predicted price for OI in the upcoming period, according to BofA Securities is $16 based on the research report published on October 17, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see OI reach a price target of $16, previously predicting the price at $21. The rating they have provided for OI stocks is “Neutral” according to the report published on April 19th, 2024.
UBS gave a rating of “Buy” to OI, setting the target price at $26 in the report published on January 16th of the current year.
OI Trading at -4.13% from the 50-Day Moving Average
After a stumble in the market that brought OI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.83% of loss for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 3.56%, as shares sank -5.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.85% upper at present.
During the last 5 trading sessions, OI fell by -4.78%, which changed the moving average for the period of 200-days by -21.60% in comparison to the 20-day moving average, which settled at $12.97. In addition, O-I Glass Inc saw -25.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OI starting from Haudrich John, who purchase 8,000 shares at the price of $12.25 back on Aug 15 ’24. After this action, Haudrich John now owns 350,846 shares of O-I Glass Inc, valued at $97,991 using the latest closing price.
Humphrey John, the Director of O-I Glass Inc, purchase 15,000 shares at $11.30 during a trade that took place back on Aug 06 ’24, which means that Humphrey John is holding 84,227 shares at $169,444 based on the most recent closing price.
Stock Fundamentals for OI
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for O-I Glass Inc stands at -0.04. The total capital return value is set at 0.08. Equity return is now at value -16.45, with -3.01 for asset returns.
Based on O-I Glass Inc (OI), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 3.43. The interest coverage ratio of the stock is 1.86.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 4.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.95. The receivables turnover for the company is 9.25for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To wrap up, the performance of O-I Glass Inc (OI) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
